Presidio Property Trust Inc. and its subsidiary, NetREIT SC II, LLC, have received a default notice from Wells Fargo Bank regarding an outstanding promissory note originally issued to The Bancorp Bank in 2015 with an original principal of $17,727,500. The notice alleges that the failure to repay the indebtedness by January 5, 2026, constitutes an event of default under the loan documents. As a result, the outstanding amount will accrue interest at the default rate, which is the lesser of 5% above the original 4.92% rate or the maximum allowed by law. The lender also has the right to foreclose on property in Douglas County, Colorado, pledged as security. Presidio Property Trust Inc. is currently exploring options to cure the alleged default.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Presidio Property Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-003424), on January 23, 2026, and is solely responsible for the information contained therein.